🧵employing rigorous analysis to show "Why CMIE's Employment (& other Survey) Data is unreliable" from a working paper of mine (Singh & Subramanian, 2023) that will be released in a few days. Sharing pages from the relevant subsection:
Page 1:
🧵As I have consistently said before, my son was in Class 11 in 2021 & I wanted to be there for him in his crucial 2 yrs (11&12) the way my Appa was there for me at a similar stage in life. One of my biggest strengths is clarity of thought, esp w/ priorities in life. 1/5
Clarity of thought comes for me from minimising regret. If my son were to not do well academically bcos I was not there for him when he needed me (& I cudn’t hv handling the CEA responsibility which is 24x7), I would have regretted that my entire life. Can’t afford that. 2/5
I come from a lower middle-class background. I wudn’t hv done well but for my parents making me & my brother their priority. I cud only repay that debt by paying it forward to our kids by making sure that they remained our priority. 3/5
🧵I’d the privilege to see 1st hand soo many difficult decisions Hon’ble PM @narendramodi took during Covid under TREMENDOUS UNCERTAINTY. India is lucky that he led us brilliantly during the once-in-a-century pandemic. 1/5
Of course those who lost loved ones during the Delta wave will feel strong emotions & I respect that. But, we’ve to concede we are a population of 1.4 billion with a poor health infrastructure bcos of decades of neglect. And it takes time to fix such neglect. 2/5
Bcos of PM @narendramodi’s leadership, India has emerged #AtmaNirbhar & stronger with tremendous confidence. His decisions on both health & economic sides displayed tremendous statesmanship. If he had worried about criticism, he could not have taken such difficult decisions.👏3/5
.@PChidambaram_IN This🧵uses your OWN Oped articles to expose your HYPOCRISY. @INCIndia take note of your 4-time FM's hypocrisy using his OWN Oped articles.
Start with his statement 👇& read how often he contradicts them in his OWN oped articles. 1/n
"In UPA years, b/w 2009-11, inflation was indeed high. And the reason is obvious. It was bcos Mr. Mukherjee following other FMs believed in stimulus packages. We spent money we didn't have & so inflation went out of control." 2/n
Oped titled "Spend, Borrow, Monetize" by @PChidambaram_IN in @IndianExpress on 30-May-2020, caption is "The model advocated by almost all economists is fiscal stimulus. That means only one thing: spend more." Operative phrases: STIMULUS, SPEND MORE! indianexpress.com/article/opinio… 3/n